Aaron Karczmer - Mar 1, 2024 Form 4 Insider Report for PayPal Holdings, Inc. (PYPL)

Role
EVP, Chief Enterprise Services
Signature
By: Brian Yamasaki For: Aaron Karczmer
Stock symbol
PYPL
Transactions as of
Mar 1, 2024
Transactions value $
-$812,599
Form type
4
Date filed
3/4/2024, 06:19 PM
Previous filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction PYPL Common Stock +Options Exercise $0 +5,711 +4.35% $0.00 137,003 Mar 1, 2024 Direct
transaction PYPL Common Stock +Options Exercise $0 +3,069 +2.24% $0.00 140,072 Mar 1, 2024 Direct
transaction PYPL Common Stock +Options Exercise $0 +15,837 +11.31% $0.00 155,909 Mar 1, 2024 Direct
transaction PYPL Common Stock -Tax liability -$812,599 -13,467 -8.64% $60.34 142,442 Mar 1, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PYPL Restricted Stock Units -6 -Options Exercise $0 -5,711 -100% $0.00 0 Mar 1, 2024 Common Stock 5,711 Direct F2, F3, F4
transaction PYPL Restricted Stock Units -7 -Options Exercise $0 -3,069 -20% $0.00 12,276 Mar 1, 2024 Common Stock 3,069 Direct F2, F4, F5
transaction PYPL Restricted Stock Units -8 -Options Exercise $0 -15,837 -33.33% $0.00 31,672 Mar 1, 2024 Common Stock 15,837 Direct F2, F4, F5

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the Reporting Person.
F2 Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.
F3 The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
F4 Not applicable.
F5 The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 1/3 on the one year anniversary of the grant date of the restricted stock unit award (the 'Grant Date'), and 1/12 on each quarterly anniversary of the Grant Date thereafter until the third anniversary of the Grant Date, on which date the grant shall be fully vested. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.